Business Case Studies & Business Publications

The Panic of 1907 and the High Tide of P...

Bruner, Robert F.

Case

The Panic of 1907 and the High Tide of Progressivism (B)

Bruner, Robert F.

F-1782 | Published October 17, 2017 | 4 pages Case

Collection: Darden School of Business

Product Details

This follow-up to "The Panic of 1907 and the High Tide of Progressivism (A)" (UVA-F-1781) explores how well the Federal Reserve Act of 1913 addressed the issues exposed by the Panic of 1907, as well as providing further food for thought about financial reform.

The A and B cases are a vehicle for illuminating the dynamics of financial crises; comparing systems for financial stability such as clearinghouse associations (a private-market policy) and central banks (a governmental policy); considering the origin of the US Federal Reserve System; and exploring the dynamics of government policy making in the context of a regime shift in political sentiment.